The Indian government has announced the launch of the Auto Component Development Programme (ACDP) 2020-21, which aims to promote the development of auto components in the country. The program will be implemented by the Ministry of Heavy Industries and Public Enterprises and will be funded by the government. The program will provide financial assistance to companies for the development of new products, technology upgradation, and capacity expansion. The program will also provide support for research and development activities and will focus on promoting the use of indigenous components in the automotive industry. The program is expected to benefit the automotive industry and create employment opportunities in the country.
